Dow Jones Newswires Announces First Transactions-Based, Steel-Price Indexes.Business Editors NEW YORK--(BUSINESS WIRE)--May 13, 2004 Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July has launched the first transactions-based, U.S. steel-price indexes: the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Monthly Hot Rolled Coil and Cold Rolled Coil Indexes. The two indexes will be published on the fifth business day of every month, reflecting prices for steel obtained through spot trades or contracts, and shipped during the previous month. The first indexes to be made available publicly were published May 7, following six months of test calculations. The indexes, covering the two types of steel most commonly shipped from producers, are based on auditable reports of trades done by industry participants and represent a statistically significant portion of transactions performed during the month. The contributed data are weighted according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the volume of each transaction. To develop the indexes, Dow Jones formed a 25-member advisory board that met for more than two years to discuss the need for a transactions-based index, its methodology and the desired frequency of publication. The board consists of individuals representing steel producers, buyers, processors, service centers, consumers and academicians. "We are delighted that our steel-price indexes are finally ready for launch," said John Hitchcock, the Dow Jones Newswires managing director who oversaw o·ver·saw v. Past tense of oversee. the project. "The close involvement of the steel industry in the development of these two indexes makes us confident that they'll quickly become a steel-industry benchmark, just as our electricity indexes are the benchmark for much of the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. and U.S. power business." The launch of the indexes comes at a time of heightened volatility in world steel prices amidst a·midst prep. Variant of amid. [Middle English amiddes : amidde; see amid + -es, adverbial suffix; see -s3.] a growing interest among steel producers and consumers in financial instruments capable of reducing exposure to price swings. The Dow Jones Cold-Rolled Coil Index for April, at $584.79, is up 58% from December. The April Hot-Rolled Coil Index, at $494.66, is up 67%. The monthly indexes are available via e-mail or as part of the Dow Jones Newswires indexes data feed. To subscribe, please contact Ernest Onukogu, manager, Dow Jones Newswires U.S. Indexes, at 609-520-4663. About Dow Jones Newswires Dow Jones Newswires www.djnewswires.com published by Dow Jones and Company (NYSE NYSE See: New York Stock Exchange : DJ; www.dowjones.com) provides real-time news for financial professionals in the equities, fixed-income, foreign exchange, and energy markets. The division also offers news for financial firms' Web sites and Dow Jones Newsletters' sector-specific content www.djnewsletters.com. In addition to Dow Jones Newswires, Dow Jones publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. Below is a complete list of Dow Jones Newswires Indexes: 1. California-Oregon Border 2. Palo Verde 3. Mid-Columbia 4. Pennsylvania-New Jersey-Maryland 5. Four Corners 6. Cinergy 7. Mead/Marketplace 8. NP 15 9. SP 15 10. Palo Verde Hourly 11 Mid-Columbia Hourly 12. Four Corners Hourly 13. California-Oregon Border Hourly 14. German Power Index 15. Swiss Electricity Price Index 16. Norway Sweden Electricity Indexes 17. French Power Index 18. Power Index for England & Wales 19. Belgian Power Index 20. Austrian Select Power Index |
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